Jumia Technologies AG (NYSE:JMIA – Get Rating) was the target of a significant decrease in short interest during the month of March. As of March 31st, there was short interest totalling 10,270,000 shares, a decrease of 23.5% from the March 15th total of 13,420,000 shares. Based on an average daily volume of 4,660,000 shares, the days-to-cover ratio is presently 2.2 days.
NYSE JMIA traded down $0.38 during trading hours on Monday, hitting $7.81. The company’s stock had a trading volume of 73,901 shares, compared to its average volume of 4,602,256. The stock has a fifty day moving average of $8.84 and a 200 day moving average of $12.03. Jumia Technologies has a twelve month low of $6.41 and a twelve month high of $33.87. The company has a current ratio of 3.58, a quick ratio of 3.51 and a debt-to-equity ratio of 0.02.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. FinTrust Capital Advisors LLC raised its holdings in Jumia Technologies by 73.7% in the third quarter. FinTrust Capital Advisors LLC now owns 1,767 shares of the company’s stock worth $33,000 after purchasing an additional 750 shares during the period. Spire Wealth Management raised its holdings in Jumia Technologies by 432.1% in the fourth quarter. Spire Wealth Management now owns 2,586 shares of the company’s stock worth $29,000 after purchasing an additional 2,100 shares during the period. Exchange Traded Concepts LLC raised its holdings in Jumia Technologies by 1,979.0% in the fourth quarter. Exchange Traded Concepts LLC now owns 2,869 shares of the company’s stock worth $33,000 after purchasing an additional 2,731 shares during the period. Sterling Investment Advisors Ltd. raised its holdings in Jumia Technologies by 15,950.0% in the fourth quarter. Sterling Investment Advisors Ltd. now owns 8,025 shares of the company’s stock worth $91,000 after purchasing an additional 7,975 shares during the period. Finally, 360 Financial Inc. acquired a new stake in Jumia Technologies in the first quarter worth $118,000. Institutional investors and hedge funds own 35.51% of the company’s stock.
About Jumia Technologies (Get Rating)
Jumia Technologies AG operates an e-commerce platform in Africa, Portugal, Germany, and the United Arab Emirates. The company's platform consists of marketplace that connects sellers with consumers; logistics service that enables the shipment and delivery of packages from sellers to consumers; and payment service, which facilitates transactions to participants active on the company's platform in selected markets.
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